The Next Worry: Bond Insurers
Wednesday, October 31st, 2007Wall Street is fretting that the subprime carnage could spread to bond insurance firms. A key concern is CDO exposure
Original post by AnthonyK
Archive for October, 2007
Federal Reserve cuts interest rates again (Austin American-Statesman)
Wednesday, October 31st, 2007WASHINGTON — The Federal Reserve cut interest rates Wednesday for the second time in two months, hoping to prevent a housing downturn and subprime mortgage crisis from undermining the health of the rest of the economy.
Original post by Yahoo! News Search Results for mortgage
Prosecutors rest case in Shields mortgage fraud trial (The Kansas City Star)
Wednesday, October 31st, 2007Prosecutors rested their case Wednesday in the mortgage fraud trial of former Jackson County Executive Katheryn Shields.
Original post by Yahoo! News Search Results for mortgage
City warns homeowners of mortgage rescue scams (Milwaukee Journal Sentinel)
Wednesday, October 31st, 2007The City of Milwaukee is issuing an advisory to 167,000 households this fall to be wary of anyone promising easy solutions to mortgage problems.
Original post by Yahoo! News Search Results for mortgage
Paulson to mortgage industry: help curb defaults (CNN Money)
Wednesday, October 31st, 2007Treasury Secretary calls on mortgage lenders to do more to identify borrowers in danger of default; urges flexibility.
Original post by Yahoo! News Search Results for mortgage
Mortgage Coalition Plans Outreach Effort (AP via Yahoo! Finance)
Wednesday, October 31st, 2007A new mortgage industry coalition aimed at helping homeowners avoid foreclosure said Wednesday it plans to send more than 200,000 letters next month to borrowers in danger of default.
Original post by Yahoo! News Search Results for mortgage
Mortgage Coalition Plans Outreach Effort (AP via Yahoo! Finance)
Wednesday, October 31st, 2007A new mortgage industry coalition aimed at helping homeowners avoid foreclosure said Wednesday it plans to send more than 200,000 letters next month to borrowers in danger of default.
Original post by Yahoo! News Search Results for mortgage
NY’s Cuomo to announce mortgage probe development (Environmental News Network)
Wednesday, October 31st, 2007NEW YORK (Reuters) - The New York state attorney general plans to announce a “major development” on Thursday morning in an ongoing investigation of the mortgage industry his office said on Wednesday. Attorney General Andrew Cuomo will announce the development at a news conference. A spokesman in Cuomo’s office declined to provide further details. Cuomo said earlier this year that his office was …
Original post by Yahoo! News Search Results for mortgage
Fitch Rates $834.1MM Morgan Stanley Mortgage Loan Trust Mtge P-T Ctfs, Series 2007-14AR (Business Wire via Yahoo! Finance)
Wednesday, October 31st, 2007NEW YORK—-Fitch rates Morgan Stanley Mortgage Loan Trust mortgage pass-through certificates, series 2007-14AR as follows:
Original post by Yahoo! News Search Results for mortgage
Fed cuts US interest rates amid fears of slowing growth (AFP via Yahoo! News)
Wednesday, October 31st, 2007The Federal Reserve cut US short-term interest rates Wednesday in a widely anticipated move, saying it had acted amid concerns economic growth will likely cool in coming months.
Original post by Yahoo! News Search Results for mortgage